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College and University Discussion
Reply to "Top Colleges Are Cheaper Than You Think (Unless You’re Rich)"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Aren’t some if not all Ivies no-loan?[/quote] Not if you are "affluent." [/quote] [b]"Why" do "you" put "affluent" in "quotes"[/b]?[/quote] Different poster from the pp who wrote that, but let's just say their definition of "affluent" is much different than my definition of affluent. For example, some schools include your home equity in the calculation, which you can't tap except by borrowing against it. Isn't that the same as taking out a loan? [/quote] PP who posted "affluent" in quotes. Because yes, with a $200K HHI, we are affluent. I recognize that. I feel fortunate. We are privileged. We are affluent, but not "affluent" as described in the piece OP posted, because we cannot pay full price for an elite college or university. It is not that paying would be "decidedly unpleasant"; it is that it would put our family and retirement at risk.[/quote]
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